Based in my experince that I have with Bondora I should warn investors not invest into Bondora (anymore).
(1) Bondora does everything to roll over costs to lenders. These costs are not yet considered in the interest rates.
(2) Loans beeing overdue for just 7 days are sent to DCAs with an immediate loss of 15% of all remaining payments. It used to be just 8% a few month ago for defaulted loans only. But who cares. It is not Bondora's money.
(3) Bondora changes rules by the day, most of them against investor's interests.
(4)Bondora made big mistakes by expanding into Spain, Slovakia and partly Finland. Just look into default rates for these countries. (See my signature). Todays investor pay big for that mistake.
(5) Changes are applied retroactively!
(6) Return rates are overstated as only the unpaid principal to date is considered as lost not the total outstanding principal, even for loans in default.
(7) Return rates do not consider tax issues. This is even more concerning as high loss rates (default minus recovery) can be expected. Losses can not be deducted from income in most countries for retail investors.
(8) BONDORA as a Company made a loss in 2014 which equaled its turnover.
DO NOT INVEST WITH BONDORA. There are better platforms around.